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Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.
The borrowing could be needed to cover short-term cash-flow pressures caused by reimbursing depositors immediately after the failure of a bank, the paper said.
Member Submitted News
Top EPA climate change scientist was a criminal fraudster who bilked the U.S. government out of $1 millionalexmark
Unbound Pennsylvania delegate is asked "what if the convention goes to a second ballot, or a twentieth," and replies: "Donald Trump won convincingly in the 7th congressional district. I will vote for him on every ballot."portos
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